Athlone’s Radisson Blu Hotel has been bought for €9.5 million by Irish investment company iNua Hospitality, with assurances that all existing employment will be protected.
The four-star Radisson Blu Hotel and Spa, on the banks of the river Shannon, sold for a significant amount more than the €6.5m it was expected to fetch when it first went on the market last September.
iNua also owns Radisson Blu hotels in Cork and Limerick.
Built in 2004, the Radisson was previously managed by Earls Holdings until Ulster Bank appointed Kieran Wallace of KPMG as receiver in 2012.
The hotel has 128 bedrooms and suites, a bar, restaurant, conference and banqueting suites, and health and leisure centre including a swimming pool. Other notable features include an outdoor terrace overlooking the Shannon with direct access to Athlone Marina, and parking for 169 cars.
CEO of iNua, Noel Creedon, said: “The Radisson Athlone is an ideal complement to our two existing Radisson properties in Cork and Limerick and will enable us to drive better efficiencies, service levels, and profitability in conjunction with our operating partner Rezidor.